After six years, Musk’s brain-computer company was finally allowed to conduct its first human trial! [With competition analysis of the brain-computer interface industry]

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On September 19, Musk’s brain-computer interface startup Neuralink announced that the company had received approval from an independent review committee and would conduct the first human trial to implant devices in the brains of paralyzed patients. Neuralink stated that this research aims to test the safety and effectiveness of Neuralink’s wireless fully implantable brain-computer interface, allowing paralyzed patients to control external devices with their brains. The company has officially opened enrollment for clinical trial patients, and patients paralyzed by spinal cord injury in the neck or amyotrophic lateral sclerosis (ALS) may be eligible to participate in the trial.

It took six years for this human trial to first apply for permission from the FDA, and it was only officially approved by the U.S. Food and Drug Administration (FDA) in May this year. The six-year trial will recruit patients aged 22 and older who are quadriplegic due to vertical spinal cord injury or ALS (cutaneous atrophic lateral sclerosis).

Neuralink is a neurotechnology and brain-computer interface company established by Musk and eight other co-founders in 2016. The PRIME project to which this trial belongs aims to help paralyzed people by developing brain-computer interface technology. People walk again.

Comparing the business layout of enterprises in China’s brain-computer interface industry is an important issue. We will compare the layout and development strategies of different companies in this field. Through comparison, we can understand the advantages and disadvantages of each company, as well as the competitive landscape of the market. This is very helpful for us to understand the development trends and future development directions of the industry. Through in-depth research and analysis, we can provide enterprises with targeted suggestions and strategic planning to enhance their competitiveness in the brain-computer interface industry

my country's brain-computer interface industry is in the early stages of development, and most companies in the industry are small. At present, most of the representative companies in my country are deploying non-invasive brain-computer interface products. Only a few companies such as Naohu Technology and Brighton Technology are conducting research on invasive brain-computer interface products; while in non-invasive brain-computer interface products, In the field of computer interfaces, companies such as Qiannao Technology and Huinao Intelligence have already launched relatively mature consumer-grade products.

Product development: some consumer products have been launched

The research and development of brain-computer interfaces has been carried out in many fields such as bionics, medical diagnosis and intervention, and consumer electronics. Judging from product development, China's representative brain-computer interface companies, Qiannao Technology, Naolu Technology, and Rouling Technology, have launched a series of consumer-grade brain-computer interface products, with applications covering children's education, entertainment, medical care, and health. Waiting for multiple fields

Industry development prospects and trends: coordinated development of basic research and industrialization

In recent years, many start-ups have appeared in China’s brain-computer interface industry, and the number of patent applications, the number and amount of financing events have increased significantly. However, from an application perspective, brain-computer interface products are still some way off from large-scale industrialization. In order to promote the advancement of brain-computer interface technology and achieve industrialization, the country has proposed two measures. On the one hand, strengthen basic research in brain science and promote the popularization of brain science; on the other hand, encourage brain-computer interface companies to accelerate the application of products in typical fields such as medical care, rehabilitation, virtual reality, and education

Huaxin Securities pointed out in the research report that there is an urgent need for brain-computer interfaces in medical applications and the market has broad prospects. From clinical to final launch, invasive brain-computer interfaces still have a long way to go, and many issues such as the safety, stability, and reliability of equipment and surgery need to be solved. Jinsen patients and people with ALS need brain-computer interface technology to restore their functions. There is an urgent need for brain-computer interfaces in medical applications, and the market has broad prospects.

Hu Boxin, chief researcher of the pharmaceutical industry at Huaxin Securities, said that the main future scenario of brain-computer interface is medical treatment, especially for patients with paralysis due to damage to the central nervous system. From a product perspective, there are still uncertainties before clinical trials, but the investment in the server side is highly certain and can be continued to focus on.

Note: This article is for content dissemination only and does not constitute any investment advice.

The content that needs to be rewritten is: Forward-looking Economist APP Information Group

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